Articles

Elon Musk’s $56 billion Tesla pay package in limbo after court voids it

A Delaware judge late Tuesday voided Tesla Inc. Chief Executive Elon Musk’s $56 billion compensation package.

Starbucks’ results miss expectations. But one analyst says this is may be why the stock is up.

Starbucks Corp. on Tuesday reported fiscal first-quarter profit and sales that missed Wall Street’s expectations, amid what management referred to as “headwinds” during the period, but shares rose after hours.

Oreo-maker Mondelez calls for slower growth this year

Global snacks giant Mondelez International Inc. late Tuesday called for slower growth this year, hedging that its outlook comes amid “greater-than-usual volatility as a result of geopolitical uncertainty.”

Soccer game’s popularity is delivering for EA — and creating a higher bar to clear for growth

Videogame maker Electronic Arts Inc. saw a modest uptick in gaming demand during the holiday season, helped by gains in its “EA Sports FC” soccer franchise, but signaled a slowdown in a key demand metric for its fourth quarter.

Microsoft earnings beat across the board as cloud, AI drive momentum

Microsoft notched beats across the board with its latest results, calling out momentum in the cloud and traction with artificial intelligence.

SALT deduction fight slows tax deal as lawmakers seek relief

A handful of lawmakers demanding inclusion of state and local tax relief in a congressional deal helped snarl proceedings in the House of Representatives on Tuesday, turning up pressure make SALT a part of any tax agreement that passes Congress.

Today’s Big Tech-dominated stock market has shades of dot-com bubble, strategists warn

A team of quantitative strategists at J.P. Morgan see shades of the dotcom bubble in the stock-market rally that has carried the S&P 500 to six record closing highs since the beginning of 2024.

PayPal to cut another 9% of its workforce in continued bid to rein in costs

The company intends to reduce its workforce by 9% through a mix of layoffs and elimination of some open roles over the course of this year.

Avon slammed over ongoing Russia links. It says it’s providing ‘critical support’ to women there.

Moral Rating Agency, established after the Russian full-scale invasion of Ukraine in February 2022, issues boycott call.

Here’s what to expect from stocks in February after January’s big rally

U.S. stocks tend to take a breather in after an upbeat start to the year.

Red Sea disruption forces retailers to rethink back-to-school and holiday shipments

Retailers are “implementing mitigation strategies to ensure products arrive in time,” according to the National Retail Federation.

Buy everything? Algorithms likely to buy stocks, bonds and gold into early February, strategist says

Traders are about to encounter a batch of top-tier events this week: a Federal Reserve policy decision and details of Treasury’s upcoming auction sizes, both on Wednesday, as well as Friday’s official jobs report for January.
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